Wait, didn't the Dems say the tax bill was a give-away to the 1%, who knew Southwest workers are in the 1%.

Southwest Airlines is giving its more than 50,000 employees a one-time $1,000 cash bonus, the company said Tuesday, joining the likes of American Airlines and AT&T in doling out a post-tax reform payment to workers.

The bonuses, which will be paid to all full- and part-time employees, are expected to cost about $70 million, the company said.

Southwest also announced plans to purchase 40 Boeing 737 Max 8 planes that it held options for, with 15 aircraft to be delivered in 2019 and 25 in 2020. The planes have a total list price of almost $4.5 billion, according to Bloomberg News, although discounts are typically negotiated for large aircraft purchase orders.

Southwest’s announcement came the same day American Airlines announced it would give its roughly 127,000 employees, including those at wholly-owned regional airlines, a $1,000 bonus. AT&T is also giving employees a one-time $1,000 bonus attributed to the tax changes.

Chewy said: I'm probably out of touch I suppose, but a $1k bonus really seems like nothing at all to me. With the new standard deduction, all that money is tax free to boot! (married, only one person working).

I guess for them, with 2 weeks vacation, it's about a 3.3% boost to their overall gross pay. Every bit helps I suppose. I'm sure the credit card companies appreciate some balances getting paid down from these folks getting the bonuses.

I guess for them, with 2 weeks vacation, it's about a 3.3% boost to their overall gross pay. Every bit helps I suppose. I'm sure the credit card companies appreciate some balances getting paid down from these folks getting the bonuses.

Oh yeah, and that's if this was a single person. If it's a couple making the same each it's a gross 1.65% increase in pay assuming the spouse isn't getting a bonus.

So yeah, these are earth shattering numbers. Maybe if they have kids they can find a Red Roof Inn that has an indoor pool for their kids to play in during the winter for one night?

Let's see, sw gets half a billion a year in tax cuts EVERY YEAR and gives out a ONE TIME 70 million dollar bonus to employees to make trump look good. . Nice. Talk about scratching backs. Where do I get a deal like that.

Oh yeah, and that's if this was a single person. If it's a couple making the same each it's a gross 1.65% increase in pa

What will the average executive at south west be getting extra in the new tax bill?

Depends how high level you're talking. The top executive will do very well with the new top bracket assuming most of their compensation is W-2 paycheck style and not loaded with stocks or other beni's. Technically exec's making over $600k (married filing jointly) will save about 6.4% on any W-2 earnings over that amount. And they saved as well on the way to that $600k with the changes in brackets.

So yeah, better then a token one time bonus that equals 3ish% for a $15/hr worker. But anyone making $600k plus is probably getting screwed on the new SALT deduction rules unless they live in a no income tax state. So it's not all a win for the rich guy either. There's a lot of nuance to this and I'm really interested to see how it plays out. I've heard both sides of the argument and I'm still torn what to think of it all.

And I get it, the bonus was $0 before the tax plan and it's now $1k. It still really is a rather meager bonus if you ask me. I'd obviously take it, don't get me wrong there. And the money will get dumped back into the economy, well, because no one saves. So the companies doing this are technically providing a boost to us all. But if it's only a one time thing, then in the long run it really does seem like a show. Scratch my back and I'll scratch yours.

And I get it, the bonus was $0 before the tax plan and it's now $1k. It still really is a rather meager bonus if you ask me. I'd obviously take it, don't get me wrong there. And the money will get dumped back into the economy, well, because no one saves. So the companies doing this are technically providing a boost to us all. But if it's only a one time thing, then in the long run it really does seem like a show.

Starting in February, all the new tax codes start, so MANY people will be seeing increased amounts in their paychecks.

I have zero idea how someone could spend a week at a lake with two kids for $1k. Not saying it's impossible, but that's not a vacation to me. Not trying to throw down here, that line caught me off guard though. Might need to reconsider where I vacation I suppose ;)

Totally agree with everything else. The reality is the tax plan puts more money in the pockets of most people/families making $100k or less. I don't think this is a bad thing. But even if the economy booms, we have to keep track of the debt and how it moves that needle. If the national debt increases at the same clip or more, then I'm not sure it's worth it. We'll see. I honestly feel like it's going to take a good amount of time to see how it plays out. I think it's way to early to declare victory or defeat on either side of the debate.

And yes, the rich guys make out well with this plan as well. I can't forget them. Some of them might be pretty SALTy if you get what I mean.

@Sniper Oh an here is another Goldman warning about deficits: https://www.zerohedge.com/news/2018-01-12/here-comes-debt-tsunami-treasury-issuance-more-double-2019Seriously please try to refute my posts. Middle class paying the most tax is not my opinion -- it's a hard cold fact. Yet top 1% are getting the most of the tax cut. Maybe even more concentrated in top 0.1%. I would like to see trickle up vs trickle down as Bannon wanted. Bannon wanted a tax cut for middle class and 41% rate for the rich. He knows that trickle down BS does not work.

As of 2010, 68.8% of Federal individual tax receipts including payroll taxes, were paid by the top 20% of taxpayers by income group. The top 1% paid 24.2% whereas the bottom 20% paid 0.4% due to deductions and the Earned income tax credit. With 2013 tax law changes, the top 1% will pay an even larger share.[1]

So that means that 99% of the people receive 55% of tax cut but are paying 75.8% of the taxes.

Seems like the 99% should be getting a bit more of that tax cut, I mean if you really want to get the economy going you'd put the money into he hands of the people who would spend it the fastest, not the people who will off shore it the fastest.